GME 2017 Annual Report

&GGFDUJWF +VOF PVS TUPDLIPMEFST WPUFE UP BNFOE UIF 5IJSE "NFOEFE BOE 3FTUBUFE *ODFOUJWF 1MBO UIF b *ODFOUJWF 1MBOc UP QSPWJEF GPS JTTVBODF VOEFS UIF *ODFOUJWF 1MBO PG PVS $MBTT " $PNNPO 4UPDL 5IF *ODFOUJWF 1MBO QSPWJEFE B NBYJNVN BHHSFHBUF BNPVOU PG NJMMJPO TIBSFT PG $MBTT " $PNNPO 4UPDL XJUI SFTQFDU UP XIJDI PQUJPOT NBZ IBWF CFFO HSBOUFE BOE QSPWJEFE GPS UIF HSBOUJOH PG JODFOUJWF TUPDL PQUJPOT OPO RVBMJGJFE TUPDL PQUJPOT BOE SFTUSJDUFE TUPDL 5IF PQUJPOT UP QVSDIBTF $MBTT " DPNNPO TIBSFT XFSF JTTVFE BU GBJS NBSLFU WBMVF PG UIF VOEFSMZJOH TIBSFT PO UIF EBUF PG HSBOU *O HFOFSBM UIF PQUJPOT WFTUFE BOE CFDBNF FYFSDJTBCMF JO FRVBM BOOVBM JOTUBMMNFOUT PWFS B UISFF ZFBS QFSJPE DPNNFODJOH POF ZFBS BGUFS UIF HSBOU EBUF BOE FYQJSF UFO ZFBST GSPN UIF HSBOU EBUF 0QUJPOT BOE SFTUSJDUFE TIBSFT HSBOUFE PO PS CFGPSF +VOF XFSF JTTVFE VOEFS UIF *ODFOUJWF 1MBO 4UPDL 0QUJPOT 8F SFDPSE TUPDL CBTFE DPNQFOTBUJPO FYQFOTF JO FBSOJOHT CBTFE PO UIF HSBOU EBUF GBJS WBMVF PG PQUJPOT HSBOUFE 5IF GBJS WBMVF PG FBDI PQUJPO HSBOU JT FTUJNBUFE PO UIF EBUF PG HSBOU VTJOH UIF #MBDL 4DIPMFT PQUJPO QSJDJOH NPEFM 5IJT WBMVBUJPO NPEFM SFRVJSFT UIF VTF PG TVCKFDUJWF BTTVNQUJPOT JODMVEJOH FYQFDUFE PQUJPO MJGF BOE FYQFDUFE WPMBUJMJUZ 8F VTF IJTUPSJDBM EBUB UP FTUJNBUF UIF PQUJPO MJGF BOE UIF FNQMPZFF GPSGFJUVSF SBUF BOE VTF IJTUPSJDBM WPMBUJMJUZ XIFO FTUJNBUJOH UIF TUPDL QSJDF WPMBUJMJUZ 8F IBWF OPU IJTUPSJDBMMZ FYQFSJFODFE NBUFSJBM GPSGFJUVSFT XJUI SFTQFDU UP UIF FNQMPZFFT XIP DVSSFOUMZ SFDFJWF TUPDL PQUJPO HSBOUT 5IFSF XFSF OP PQUJPOT HSBOUFE EVSJOH GJTDBM BOE " TVNNBSZ PG PVS TUPDL PQUJPO BDUJWJUZ EVSJOH GJTDBM JT QSFTFOUFE CFMPX 4IBSFT 8FJHIUFE "WFSBHF &YFSDJTF 1SJDF #BMBODF +BOVBSZ &YFSDJTFE &YQJSFE #BMBODF 'FCSVBSZ 5IF GPMMPXJOH UBCMF TVNNBSJ[FT JOGPSNBUJPO BT PG 'FCSVBSZ DPODFSOJOH PVUTUBOEJOH BOE FYFSDJTBCMF PQUJPOT 0QUJPOT 0VUTUBOEJOH &YFSDJTBCMF 3BOHF PG &YFSDJTF 1SJDFT /VNCFS 0VUTUBOEJOH &YFSDJTBCMF 8FJHIUFE "WFSBHF 3FNBJOJOH -JGF :FBST 8FJHIUFE "WFSBHF &YFSDJTF 1SJDF 5IF UPUBM JOUSJOTJD WBMVF PG PQUJPOT FYFSDJTFE EVSJOH GJTDBM BOE XBT NJMMJPO NJMMJPO BOE NJMMJPO SFTQFDUJWFMZ 5IFSF XBT OP JOUSJOTJD WBMVF PG CPUI PQUJPOT FYFSDJTBCMF BOE PQUJPOT PVUTUBOEJOH BT PG 'FCSVBSZ 5IF GBJS WBMVF PG FBDI PQUJPO JT SFDPHOJ[FE BT DPNQFOTBUJPO FYQFOTF PO B TUSBJHIU MJOF CBTJT CFUXFFO UIF HSBOU EBUF BOE UIF EBUF UIF PQUJPOT CFDPNF GVMMZ WFTUFE %VSJOH GJTDBM BOE XF JODMVEFE DPNQFOTBUJPO FYQFOTF SFMBUJOH UP UIF HSBOU PG UIFTF PQUJPOT JO UIF BNPVOU PG NJMMJPO NJMMJPO BOE NJMMJPO SFTQFDUJWFMZ JO TFMMJOH HFOFSBM BOE BENJOJTUSBUJWF FYQFOTFT "T PG 'FCSVBSZ UIFSF XBT OP VOSFDPHOJ[FE DPNQFOTBUJPO FYQFOTF SFMBUFE UP PVS TUPDL PQUJPOT (".&4501 $031 /05&4 50 $0/40-*%"5&% '*/"/$*"- 45"5&.&/54 '